Analysis
Smart, independent reporting on Turkey's politics, economy and foreign affairs.
The crisis in Turkey’s Ponzi-style fund industry is heading for deadlock as the government refuses to disclose the 141 people and 73 companies that each made more than 100 million liras in unjust gains despite opposition demands for transparency.
Turkish defense industry companies continued testing its newly developed products, such as Morfoz and Gökalp.
In contrast to President Recep Tayyip Erdoğan’s declaration that the EU is not a priority for Turkey, new trade and industry measures that are taking shape within the 27-member bloc remain an urgent matter for large sections of the economy.
Turkish defense industry companies demonstrated their high-precision strike capabilities through various integrated systems.
Turkey's tourism industry, long considered an economic powerhouse, is struggling to achieve expected revenue growth this year as inflation drives up costs and diverts customers elsewhere.
The NATO summit in Ankara provided an important opportunity for Turkey to showcase the progress of its defense industry. By now, few can have missed the fact that Turkey has become the world's 11th-largest arms exporter.
Companies showcased $70 billion in products to state leaders at the defense industry forum that took place alongside the NATO Summit in Ankara.
As Turkey prepares to host a NATO summit for the first time in 22 years attention is heavily focused on the NSDIF26.
The Turkish Armed Forces has been testing joint operations capabilities after a rapid increase in the number of national defense industry products in its inventory, primarily electronic warfare and air defense systems, warships, and unmanned aerial vehicles. Baykar's AI-powered mini cruise missile Kemankeş-1 continues to undergo firing tests from the strategic-class Bayraktar Akıncı UCAV. “The Kemankeş smart munitions integration and testing activities carried out with the Akıncı strategic UAV platform, capable of flying at an altitude of 40,000 feet, provide serious indications of Turkey's hyper warfare capacity development,” Dr. Can Kasapoğlu, senior researcher at the Hudson Institute, said.
The specifications announced far exceed any product developed by the Turkish defense industry to date.
Significant details regarding the terms of the agreement now coming to light. The Spanish industry will receive the lion’s share of production.
Seeking to capitalize on the rift in the NATO alliance between the U.S. and the EU, Ankara is seeking common ground with Europe through cooperation on military issues and the defense industry.